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Stock Market & Financial Investment News

News Breaks
June 3, 2014
09:02 EDTGRVY, NDAQGravity receives Nasdaq staff deficiency letter
Gravity (GRVY) announced that the company received a letter from the NASDAQ (NDAQ) indicating that the company failed to comply with the minimum bid price requirement for continued listing set forth in Nasdaq Stock Market Rule 5450(a)(1), as the bid price of the Company's American Depositary Shares had closed for 30 consecutive business days below $1.00 per ADS. In accordance with Nasdaq Stock Market Rule 5810(c)(3)(A), the company has a grace period of 180 calendar days, or until November 24, to regain compliance. The notification advises that such compliance can be achieved if, at any time before November 24, the bid price of the company's ADS closes at $1.00 or more per share for a minimum of 10 consecutive business days. Nasdaq Letter has no effect at this time on the listing of the company's ADS on the Nasdaq Stock Market. The Company's ADS will continue to trade on the Nasdaq Global Market under the symbol "GRVY." Gravity will monitor the bid price for its ADS between now and November 24, and will consider available options to resolve the deficiency and regain compliance with the Nasdaq minimum bid price requirement.
News For GRVY;NDAQ From The Last 14 Days
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October 24, 2014
08:08 EDTNDAQNASDAQ says U.S. equity volumes so far in October up 30% from prior year
Comment from NASDAQ's Q3 earnings conference call.
07:43 EDTNDAQNASDAQ reports U.S. IPO win rate 61% year-to-date
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07:06 EDTNDAQNASDAQ lowers non-GAAP operating expense guidance
NASDAQ lowered non-GAAP operating expense guidance to $1.205B-$1.225B, down from the prior $1.22B-$1.25B. Included in this non-GAAP operating expense guidance is an expected $30M-$35M in GIFT new initiative spending, down from a prior $30M-$40M estimate, and $1.175B-$1.19B in core non-GAAP operating expense, down from $1.19B-$1,21B.
07:04 EDTNDAQNASDAQ boosts stock repurchase authorization by $500M
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07:04 EDTNDAQNASDAQ reports Q3 EPS 73c, consensus 70c
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October 23, 2014
15:39 EDTNDAQNotable companies reporting before tomorrow's open
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October 14, 2014
11:50 EDTNDAQNasdaq calls JPMorgan earnings release 'human error,' CNBC reports
Nasdaq (NDAQ) said the early release today of JPMorgan's (JPM) earnings on its Shareholder.com website was an internal "human error," CNBC reports, citing a statement from the exchange. Reference Link

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